Answer:
c) $110,000
Explanation:
The computation of the borrowing amount is shown below:
= Value of home × given percentage - current mortgage amount
= $200,000 × 80% - $50,000
= $160,000 - $50,000
= $110,000
For computing the accurate value, we have to deduct the current mortgage amount from the net value of home.
Since only 80% is related to the home value so we take only 80% and rest 20% would be ignored.
Answer:
Cost of goods sold = $576,900
Explanation:
The budgeted cost of goods sold will be the sales volume in 2020 multiplied by cost per unit .
Sales volume in year 2020= (100-10)% × sales figure for 2019
= 90% × 160,250= 144,225
Cost of goods sold per unit = cost of goods sold in 2019/Sales units in 2019
= 641,000/160250=$4
Cost of goods sold = $4× 144,225 = $576,900
Cost of goods sold = $576,900
Answer:
Cash Inflow of $191,400
Explanation:
There are three types of activities in the cash flow statement which are described below:
1. Operating activities: It includes those transactions which affect the working capital after net income. The increase in current assets and a decrease in current liabilities would be deducted whereas the decrease in current assets and an increase in current liabilities would be added.
These changes in working capital would be adjusted. Moreover, the depreciation expense is added to the net income
2. Investing activities: It records those activities which include purchase and sale of the long term assets. The purchase is an outflow of cash whereas sale is an inflow of cash
3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance. The issue of shares is an inflow of cash whereas redemption and dividend is an outflow of cash.
In the given case, the sale proceed of equipment is consider in the investing activity i.e $191,400
Answer:
The reconciliation from the governmental funds' changes in fund balances to the governmental activities change in net position would reflect a decrease of 1,500,000 as the payments.
Explanation:
The change in net position = Amount of bond proceeds - Amount of bond principal.
The change in net position = $2,000,000 - $500,000 = 1,500,000
There would be a decrease of 1,500,000 as the payments.
The reconciliation from the governmental funds' changes in fund balances to the governmental activities change in net position would reflect a decrease of 1,500,000 as the payments.
Answer:
An easement in gross is an easement that benefits an individual or a legal entity, rather than a dominant estate.
Explanation:
Any easement that benefits an individual or a legal entity, rather than a dominant estate is referred to as easement in gross.
